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on with the fiscal cliff. >> you know, jim, i was watching our futures this morning. right now, it looks like the dow would open down about 65 or 70 points. that's the good news, that the market would shrug this off that there will be a deal reached either later today or in the next few days. we've been expecting all along that it would take a big reaction in the markets to get any serious action in washington. if they're not seeing that, that may make it less likely for them to reach any sort of a grand deal. in fact, a grand deal at this point is probably off the table. what does that mean for the next three to six months for the u.s. markets? >> yeah. waiting to come on the show, i was looking at a chart of the various u.s. markets going back since before the election. and which have sort of gone through some phases. in a way, the markets have sort of factored in from the first immediate period following the election a big deal to resolve the situation in the u.s. is not going to happen. the lying fiscal challenges in the u.s. are not going to be resolved anytime soon. that would be a big surprise
." in the headlines this morning, as the fiscal cliff approaches congressional leaders are set to meet with president obama at the white house this afternoon. got that going for us. news of the meeting helped u.s. stocks come well off their lows yesterday. but major averages are still coming off four consecutive losing sessions. and a threatened strike could idle more than 14,000 long shoremen this weekend. the 15 east coast courts involved in a labor dispute handle about 40% of the nation's cargo. the union contract prior one expired back in september. a 90-day extension ends this sunday. and a judge best known for his involvement in insider trading cases is handed down a ruling in a very different type of case. you know this guy? judge rakoff has reaffirmed that sly stallone did not copy someone else's screenplay for his 2010 movie "the expendables." he basically copied his rocky screen play from somebody else -- no, that's a joke. he didn't do that. i could probably get in trouble for saying that. >> we should have him on. >> i don't know, can judges come on tv? >> i don't think so. >> some descri
, there's only one main story this morning. it's a familiar one. the looming fiscal cliff. aides for both parties now saying a partial agreement or patch probably the most that we can be expecting before january 1. >> i think we're dealing now with whether or not we can put off the -- the increase in tax rates. that's really all we can deal with now. >> the next session of the senate is now set for tomorrow. the house has nothing on its schedule for this week. members have been told they could be called back within 48 hours' notice. meantime, and this i guess is also the big news, the white house saying the president's going to be flying back from vacation in hawaii today. a lot of people making something of that. i don't know what it means ultimately. >> well, one thing it means -- >> a show of something. >> if i had to get back from hawaii at a minute's notice, you know what it would be. the president will have an easier time of it, i think. right? >> i noticed a couple of news reports saying the cost of the last-minute flight is about $250 -- >> he's the president, he's allowed. he's n
is probably happily off at this point. in studios with his,000s on the market and the fiscal cliff this morning, jason trennert. >> that tie. >> he's got the red tie. >> santa tie. >> take a look at the futures, see how this half day of trading is setting up. looks like the dow will open down about 18 points, s&p 500 will be off about three points and the nasdaq off close to 10 points. let's get you through some of the quick morning headlines. it is an abbreviated trading day for u.s. stocks ahead of the christmas 408 day. trading ends at 1:00 p.m. eastern time. japanese stocks did not trade today and the german and italian markets were among those in europe taking the day off. the uk was open. mexico's grupo bimbo -- >> it's right. >> grupo bimbo reportedly considering a bid for the hostess snack take. grupo bimbo -- >> that gets you, doesn't it? you're like in fourth grade. >> because it's -- i can't even -- >> because it says bimbo? >> i can't -- >> it's mexican, andrew. >> i know. >> you can't even get through the story because it says bimbo? >> it's been a tough morning. >> i'
're a commodores guy? >> no, i'm not. >> you're not? >> no. >> the fiscal cliff topping our headlines this morning. speaker john boehner urging the senate to come up with a passable debt solution, promising to at least consider any bill the uper chamber produces. senator harry reid to continue tax breaks for households with incomes below $250,000. the senate bill would also likely contain an extension of expiring unemployment benefits. the fiscal cliff is not the only ticking clock in washington. in a letter to congress treasury secretary tim geithner said the u.s. would hit the $16.4 trillion ceiling on monday. without extraordinary measures geithner announced that the treasury would begin accounting moves that would keep the government from hitting its credit limit for about two months. the treasury secretary warning that it's hard to predict exactly how much time the accounting moves will buy, because ongoing cliff negotiations make it hard for them to forecast revenue and spending for next year. >>> housing prices, some good news. on track to record their first yearly gain since 2006. it's a f
Search Results 0 to 4 of about 5